South Korea Hollow Fiber Membrane Market Size & Outlook
The hollow fiber membrane market in South Korea is expected to reach a projected revenue of US$ 81.2 million by 2030. A compound annual growth rate of 15.2% is expected of South Korea hollow fiber membrane market from 2023 to 2030.
Revenue, 2022 (US$M)
$26.2
Forecast, 2030 (US$M)
$81.2
CAGR, 2023 - 2030
15.2%
Report Coverage
South Korea
South Korea hollow fiber membrane market, 2018-2030 (US$M)
Related Markets
South Korea hollow fiber membrane market highlights
- The South Korea hollow fiber membrane market generated a revenue of USD 26.2 million in 2022 and is expected to reach USD 81.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 15.2% from 2023 to 2030.
- In terms of segment, water & wastewater treatment was the largest revenue generating application in 2022.
- Pharmaceutical & Medical is the most lucrative application segment registering the fastest growth during the forecast period.
Hollow fiber membrane market data book summary
| Market revenue in 2022 | USD 26.2 million |
| Market revenue in 2030 | USD 81.2 million |
| Growth rate | 15.2% (CAGR from 2022 to 2030) |
| Largest segment | Water & wastewater treatment |
| Fastest growing segment | Pharmaceutical & Medical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water & Wastewater Treatment, Industry Processing, Food & Beverage Processing, Pharmaceutical & Medical |
| Key market players worldwide | Sartorius AG, Repligen Corp, Danaher Corp, Merck KGaA, Asahi Kasei Corp, Parker Hannifin Corp, Cole-Parmer, Sterlitech Corporation, Synder Filtration, Meissner |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.0% of the global hollow fiber membrane market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hollow fiber membrane market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 192.2 million by 2030.
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Hollow Fiber Membrane Market Scope
Hollow fiber membrane market segmentation & scope
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Hollow Fiber Membrane Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea hollow fiber membrane market size, by application, 2018-2030 (US$M)
South Korea Hollow Fiber Membrane Market Outlook Share, 2022 & 2030 (US$M)
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